Rate Floors & Simple SOFR: Six Degrees of Separation
Last week, we flagged that LIBOR floors were back in a big way in the institutional loan market.
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We’re (LIBOR) Floored
With LIBOR falling from nearly 1.7% in February to around 25 bps today, it should be little surprise that LIBOR floors are back in fashion…
SOFR: Neophytes to Acolytes?
Last Friday, the Alternative Reference Rates Committee (“ARRC”) released a “SOFR Starter Kit”, a helpful set of fact sheets to turn SOFR neophytes into SOFR…
What Do The Recommended Conventions Mean For Hardwired Fallback Language?
The LSTA’s recent webcast, “Surviving the End of LIBOR: Tools and Tips From the Trenches” answered that question in addition to unpacking the recently launched…
Surviving the End of LIBOR: Tools and Tips from the Trenches Presentation
The potential end of LIBOR is a bit more than 500 days away and there is a lot to do in the interim. Fortunately, the Alternative Reference…
Surviving the End of LIBOR: Tools and Tips from the Trenches Webcast Replay
The potential end of LIBOR is a bit more than 500 days away and there is a lot to do in the interim. Fortunately, the Alternative Reference…
LIBOR – Hardwired for Success
In less than 18 months the world will no longer be able to depend on the benchmark tied to roughly $300 trillion of financial instruments—LIBOR.…
LIBOR: Conventions for Unconventional Thinking
While it may be an inconvenient truth, our baseline assumption must be that LIBOR may end in a bit more than 500 days.
ARRC Updated Final Recommended Language
On June 30th the ARRC published an updated recommendation for fallback language for syndicated loans (“the 2020 recommendation”), which can be found below. Document reposted…
ARRC Recommended Fallback Language for Syndicated Loans (Fallback Language Only)
On June 30th the ARRC published an updated recommendation for fallback language for syndicated loans (“the 2020 recommendation”). For member convenience we have also prepared…
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